langley TOWNHOME - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 33% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.0% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 97% VS 2023
▼ 2% VS 2023
▼ 0.7% VS 2023
▼ 20% VS 2023
There were 258 townhome listings in Langley in June, 2% above May and 97% higher than June 2023. June townhome sales decreased by 1.1% month-over-month, to 86, and were 20% below June 2023. The sales-to-listing ratio for townhomes in Langley, at 33%, reflected a sellers' market. The townhome median price in June was $872,500, a 0.6% decrease from May and 0.7% below June 2023. The average sold price was $883,871, 0.1% below last month; the average PSF sale price was $575, up 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 108 131
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$575 $883,871 $872,500 33% 86 258
0% -2% -0.7% -60% -20% 97%
$562 $884,495 $878,000 35% 87 252
2% -0.1% -0.6% -3% -1.1% 2%
$575 $902,853 $878,500 82%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
258
252
196
154
154
150
145
156
108 131
145
109
138 79
132
122
90
86
59
58
87
85
64
53
46
38
$890K
$879K
$876K
$880K
$878K
$865K
$871K
$868K
$873K
$853K
$853K
$845K
$845K
LANGLEY
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
120
18
4+ bdrms
81
100
71%
80
47
3 bdrms
48%
126
60
34%
33%
26%
40
21
2 bdrms
15%
51
20
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
7 5 71%
61 29 48%
123 32 26%
50 17 34%
13 2 15%
3 1 33%
1 0 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of July 8, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 24 ●
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